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On January 1, 2022, Tri-State Company Purchased at Face Value

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On January 1, 2022, Tri-State Company purchased at face value, a $1,000, 5%, bond that pays interest annually on January 1.Tri-State Company has a calendar year end.The entry for the receipt of interest on January 1, 2023 is On January 1, 2022, Tri-State Company purchased at face value, a $1,000, 5%, bond that pays interest annually on January 1.Tri-State Company has a calendar year end.The entry for the receipt of interest on January 1, 2023 is

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